Eastern Bank Business Cash Preferred Card
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The Eastern Bank Business Cash Preferred Card is a business credit card designed for small business owners who want unlimited cash back in certain categories. Those categories include gas, office supply stores, dining, and cell phone service–categories where small businesses are likely to spend money. The card also offers 0% introductory APR on both purchases and balance transfers for the first 6 months. You can get a $100 annual software credit on recurring software subscriptions but the welcome offer is underwhelming. We dive into the details and your approval odds in this Eastern Business Cash review.
Our Rating
3.8/5.0
Welcome Offer
$25
Annual Fee
$0
0% on Purchases
6 months
Reward Rate
1% to 3% cash back
0% on Balance Transfers
6 months
Welcome Offer
Get a $25 cash back bonus reward applied to your account after your first purchase.
Features & Benefits
| Security | EMV Chip Enabled, Zero Liability |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay, Samsung Pay |
| Benefits | Extended Warranty Coverage, Purchase Protection, 24/7 customer service |
| Travel Perks | Auto Rental Collision Damage Waiver, Emergency Travel Assistance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | 2% of each foreign purchase transaction or foreign ATM advance transaction in U.S. Dollars. 3% of each foreign purchase transaction or foreign ATM advance transaction in a Foreign Currency |
| Regular APR | 19.24% to 28.24% (V) APR |
| Balance Transfers | 0% Intro APR for 6 months on balance transfers, then 19.24% to 28.24%(V) APR after that. |
| Balance Transfer Fee | Either 3% of the amount of each transfer or $5 minimum, whichever is greater. |
| Purchases | 0% Intro APR for 6 months on purchases, then 19.24% to 28.24% (V) APR after that. |
Pros & Cons
- Welcome offer
- No annual fee
- Up to 3% cash back
- High APR
- Foreign transaction fee
- Requires good credit
What Are the Best Alternatives?
U.S. Bank Triple Cash Rewards Visa® Business Card
Rating
4.5
Rewards Range
1% - 5% Cash Back
Annual Fee
$0
Ink Business Cash® Credit Card
Rating
4.8
Rewards Range
1%-5%
Annual Fee
$0
The American Express Blue Business Cash™ Card
Rating
4.6
Rewards Range
1% - 2%
Annual Fee
No annual fee